As long as your Rover is roadworthy now, it wil have a higher value than £700, especially as a trade in against something of reasonable value.
The best way to avoid depreciation is not to sell! Given your level of mileage, you will lose far more buying a new car than keeping the current one, even if it petrol and not diesel. Hang on for a long as possible and then worry about its replacement. 18 months is far to long to worry about it!
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Espada III - well if you have a family and need a Lamborghini, what else do you drive?
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(c). Or better still, (d) - which is to keep the car until it dies, expensively.
(Assuming that your car really is worth #700...) I bet you wish that 3 years ago you had bought your current car for #700 & that it was now worth #400.
Tip: the only place where cars change hands at that sort of price is eBay where people are desparate to be shot of cars within a week, with only a couple of months' MOT.
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According to What Car website the part exchange value is £695,
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